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1390 Isabella Drive, Melbourne, FL

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DetailMap
1390 Isabella Drive

Melbourne, FL 32935 - Brevard County Submarket


Property Type:Land Parcel Size:14.51 Acres
Zoning:-
For Sale Price:$3,200,000 Price/Acre:$220,538 Price/SF:$5.06

Topography:-
Proposed Use:MultiFamily

On-Site Improv:-


The subject property is 95 existing and unsold townhome lots that are part of the larger 153 lot Riverwalk of Melbourne townhome project which is located on the north side of Eau Gallie Boulevard and the eastern shoreline of the Eau Gallie River. The 95 existing lots do not yet have specific site addresses. The parent property is a 153 lot townhome project developed on a 14.51 gross acre parcel of land located on the north side of Eau Gallie Boulevard and the eastern shoreline of the Eau Gallie River. The project was developed in 2005/2006 and all horizontal infrastructure is in place and complete including concrete and asphalt paved roads, concrete curbing and sidewalks, street lighting, storm sewers, wet and dry retention areas and underground utilities to each individual lot and unit. These horizontal site improvements are in average to good condition and are typical of other townhome subdivisions in the Brevard County market area.Vertical common area site improvements are also complete and consist of a 4,891 square foot, two story clubhouse with a large pool and patio area; a 584 square foot cabana and pavilion area next to the pool; a frontage wall with signage; a tot-
Riverwalk of Melbourne is located in Melbourne, Florida in Brevard County. It's centrally located to major transportation hubs such as the Melbourne International Airport, Interstate 95 and A1A. The property is located less than 2 miles from Florida Institute of Technology. The property is a short drive to numerous beaches in the area and is in close proximity to WalMart, Publix, Holmes Regional Medical Center and Melbourne Square, a Simon mall with over 125 specialty stores.According to Florida Space Coast's Economic Development Center, Melbourne has approximately 78,000 residents and is expected to continue to grow. It has an annual average household income of approximately $54,000 and is primarily a professional/business services and trade, transportation and utilities industry city. Melbourne is also home to numerous cultural attractions including the Foosaner Art Museum, Florida Tech Botanical Gardens and Historic Downtown Melbourne.

Sale Notes:
The subject property is 95 existing and unsold townhome lots that are part of the larger 153 lot Riverwalk of Melbourne townhome project which is located on the north side of Eau Gallie Boulevard and the eastern shoreline of the Eau Gallie River. The 95 existing lots do not yet have specific site addresses. The parent property is a 153 lot townhome project developed on a 14.51 gross acre parcel of land located on the north side of Eau Gallie Boulevard and the eastern shoreline of the Eau Gallie River. The project was developed in 2005/2006 and all horizontal infrastructure is in place and complete including concrete and asphalt paved roads, concrete curbing and sidewalks, street lighting, storm sewers, wet and dry retention areas and underground utilities to each individual lot and unit. These horizontal site improvements are in average to good condition and are typical of other townhome subdivisions in the Brevard County market area.Vertical common area site improvements are also complete and consist of a 4,891 square foot, two story clubhouse with a large pool and patio area; a 584 square foot cabana and pavilion area next to the pool; a frontage wall with signage; a tot-

Sperry Van Ness
Ashley Bloom
(941) 961-7109 x201




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